NexPoint Residential Trust

NexPoint Residential Trust, Inc. engages in the acquisition, management, and disposition of multifamily assets. It also focuses on providing lifestyle amenities and upgraded living spaces to low and moderate income renters in the Southeastern United States and Texas. The company was founded on September 19, 2014 and is headquartered in Dallas, TX.

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NexPoint Residential Trust (NXRT) reports strong Q4 performance and 2023 growth outlook amidst leverage concerns

NexPoint Residential Trust (NXRT) delivered strong operational performance in Q4 2022 and outlined a promising outlook for 2023, despite some concerns around leverage and market uncertainties.
The company's strategic focus on renovation, growth initiatives, and financial flexibility positions it well to capitalize on opportunities and navigate challenges in the real estate market.
With a commitment to maintaining operational stability, maximizing returns, and prudent risk management, NexPoint Residential Trust (NXRT) aims to drive sustainable growth and shareholder value.
Investors should monitor how the company addresses leverage concerns, executes its growth strategies, and adapts to evolving market conditions to assess its long-term performance and resilience.

NexPoint Residential Trust reports mixed Q1 results, eyes growth opportunities

NexPoint Residential Trust (NXRT) delivered a mixed performance in Q1 2023, balancing revenue growth with a net loss.
The company's strengths lie in operational achievements, solid occupancy rates, and a proactive approach to renovations and refinancing.
Challenges include interest expense concerns, market-specific issues, and the need to address expense growth.
NXRT has opportunities to optimize operations, address market challenges, and capitalize on growth prospects for enhanced performance.

NexPoint Residential Trust reports resilient Q2 performance amidst strategic focus

NexPoint Residential Trust's Q2 2023 performance reflects steady revenue growth and operational improvements.
While facing challenges in revenue guidance and resident retention, the company's strategic focus on asset management and financial discipline is evident.
Opportunities for growth lie in optimizing operational efficiency, exploring new revenue streams, and enhancing financial resilience.

NXRT reports robust Q3 earnings, poised for strategic growth

NexPoint Residential Trust (NXRT) delivered a solid performance in Q3 2023, demonstrating financial strength, operational efficiency, and a commitment to enhancing shareholder value.
While facing challenges in managing unit turnover and market-specific issues, NXRT's strategic focus on growth and deleveraging presents opportunities for sustained profitability and value creation.
By leveraging its strong financial position and market expertise, NXRT is well-positioned to navigate challenges, capitalize on growth opportunities, and drive long-term success in the real estate sector.

NexPoint Residential Trust posts strong earnings, eyes growth amid challenges

NXRT delivered strong financial results in Q4 2023 and full year 2023, driven by improved rental income, NOI growth, and strategic dispositions, showcasing operational resilience and value creation.
While facing challenges such as maintaining same-store NOI in 2024, NXRT's strengths in core FFO performance, asset value, and strategic focus position it well to navigate market uncertainties and drive future growth.
By capitalizing on opportunities to enhance rental income, optimize operations, and explore new growth avenues, NXRT can sustain its financial stability, attract investors, and create long-term value for stakeholders.
Overall, NXRT's performance highlights its commitment to operational excellence, financial prudence, and shareholder value creation, setting a positive trajectory for future growth and success in the real estate market.

NexPoint Residential Trust (NXRT) reports robust Q1 performance and strategic growth initiatives

NexPoint Residential Trust (NXRT) delivered a strong Q1 performance with notable financial achievements and operational improvements.
While facing challenges in rental metrics and market dynamics, the company's strategic focus on growth initiatives and financial discipline bodes well for future prospects.
By leveraging opportunities in property upgrades, acquisitions, and financial management, NXRT aims to sustain its growth trajectory and enhance shareholder value.

NexPoint Residential Trust reports strong Q2 performance and strategic financial moves

NXRT delivered a solid performance in Q2 2024 with positive financial metrics and operational growth.
The company's strategic capital management and refinancing initiatives demonstrate prudent financial decision-making.
Challenges in rental pricing and ongoing refinancing activities require careful monitoring for potential impacts.
Opportunities lie in property upgrades, refinancing benefits, asset sales, and revenue optimization strategies.

NexPoint Residential Trust reports mixed Q3 results with growth opportunities

NXRT's Q3 2024 performance reflects a mix of challenges and strengths, with opportunities for growth and value creation.
The company's focus on operational efficiency, revenue enhancement, and strategic refinancing aligns with long-term sustainability goals.
Investors should monitor NXRT's progress in improving occupancy, managing expenses, and executing growth initiatives to assess future performance.

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DALLAS , Nov. 7, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today that Brian Mitts, NXRT's Chief Financial Officer, Executive VP-Finance, Secretary and Treasurer, Matthew McGraner, NXRT's Executive VP and Chief Investment Officer, Bonner McDermett, NXRT VP, Asset Management, and Sean Jacobson, NXRT VP, Asset Management will be meeting with investors and others at Nareit's REITworld: 2024 Annual Conference, to be held November 18-21 at the Wynn Las Vegas in Las Vegas. A copy of the meeting materials will be posted in the Resources section of NXRT's website at nxrt.nexpoint.com on the morning of November 18, 2024.

NexPoint Residential Trust, Inc. to Participate at Nareit's REITworld: 2024 Investor Conference

Value-add multifamily operator, NexPoint Residential, reported better-than-expected Q3 FFO and announced a 10.3% increase to their quarterly dividend payout. Refinancing activity subsequent to quarter end also improved the REIT's debt profile. NexPoint has outperformed sector peers over the last year, with gains of approximately 60%.

NexPoint Residential: Shares Valued Fairly As Q3 Results Top Expectations

NexPoint Residential Trust, Inc. (NYSE:NXRT ) Q3 2024 Earnings Call Transcript October 29, 2024 11:00 AM ET Company Participants Kristen Thomas - IR Brian Mitts - EVP and CFO Matt McGraner - EVP and CIO Bonner McDermett - VP, Asset and Investment Management Conference Call Participants Omotayo Okusanya - Deutsche Bank Michael Lewis - Truist Securities Operator Thank you for standing by. My name is Mark, and I will be your conference operator today.

NexPoint Residential Trust, Inc. (NXRT) Q3 2024 Earnings Call Transcript

The headline numbers for NexPoint Residential Trust Inc. (NXRT) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

NexPoint Residential Trust Inc. (NXRT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

NexPoint Residential Trust Inc. (NXRT) came out with quarterly funds from operations (FFO) of $0.79 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to FFO of $0.76 per share a year ago.

NexPoint Residential Trust Inc. (NXRT) Q3 FFO Beat Estimates

NXRT Boosts Quarterly Dividend by 10.3%; Announces Completed Refinancings of 17 Properties and $24.5 million of Disposition Activity DALLAS , Oct. 29, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) reported financial results for the third quarter ended September 30, 2024. Highlights NXRT1 reported Net Loss, FFO2, Core FFO2 and AFFO2 of $(8.9)M, $15.7M, $17.9M and $20.6M, respectively, attributable to common stockholders for the quarter ended September 30, 2024, compared to Net Income, FFO, Core FFO, and AFFO of $33.7M, $14.5M, $18.1M and $20.6M, respectively, attributable to common stockholders for the quarter ended September 30, 2023.

NEXPOINT RESIDENTIAL TRUST, INC. REPORTS THIRD QUARTER 2024 RESULTS

DALLAS , Oct. 29, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors unanimously approved a dividend of $0.51 per share of NXRT common stock, payable on December 31, 2024, to stockholders of record on December 13, 2024. This represents an 10.3% increase over the previous quarter's dividend per share and an increase of 147.6% since inception in 2015.

NexPoint Residential Trust, Inc. Increases Quarterly Dividend by 10.3%

DALLAS , Oct. 15, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today that the Company's properties did not sustain any material damages as a result of Hurricane Milton. The Company plans to provide additional updates in the event of a material change.

NexPoint Residential Trust, Inc. Provides Update on Hurricane Milton

DALLAS , Oct. 3, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today the closing of 17-property mortgage refinancings through J.P. Morgan Chase Bank ("JP Morgan") and The Federal Home Loan Mortgage Corporation ("Freddie Mac"), the sale of Stone Creek at Old Farm, and the Company is scheduled to host a conference call on Tuesday, October 29, 2024, at 11:00 a.m.

NexPoint Residential Trust, Inc. Completes Refinancings of 17 Properties With 17 Additional Refinancings Expected to Close on November 29th, Sale of Stone Creek at Old Farm, and Announces 3Q 2024 Earnings Call on October 29, 2024, at 11:00 a.m. ET

DALLAS , Sept. 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today that the Company's properties did not sustain any material damages as a result of Hurricane Helene.

NexPoint Residential Trust, Inc. Provides Update on Hurricane Helene

Plymouth Industrial REIT

Vornado Realty Trust

Leverage amplifies both risks and rewards; strong fundamentals can mitigate high leverage risks, while weak fundamentals can worsen even low leverage scenarios. Vornado's low leverage couldn't save it from declining office property values, whereas NexPoint's high leverage was offset by strong apartment fundamentals. Mispricing exists in REITs due to the market's overemphasis on leverage metrics; Plymouth Industrial is undervalued despite strong fundamentals, unlike overvalued self-storage REITs with weak fundamentals.

Leverage In Real Estate Investing

AvalonBay Communities

BRT Apartments

Blackstone Group

Camden Property

Equity Residential

Independence Realty Trust

Mid-America Apartment Communities

Veris Residential

Equity Residential bought 11 apartments with 3572 units from Blackstone for $964 million, expanding its presence in Dallas, Denver, and Atlanta. Public apartment REITs are trading below asset value, with substantial differences in pricing based on location and quality of properties. Multifamily REITs like BSRTF, NXRT, CSR, and CPT are considered the most compelling investments in the sector, but caution is advised due to potential economic downturn.

Massive Apartment Deals Demonstrate Value Of Apartment REITs

NexPoint Residential Trust is a small multifamily residential REIT with a market cap of $1.13B, trading publicly since 2015 with a compelling strategy for value creation. Recent Q2 results show stable occupancy, a drop in average effective rent, and a decrease in core FFO due to property sales. Despite short-term headwinds, NXRT's strategy of upgrading units, diversifying markets, and reducing debt makes it an attractive pick for investors seeking income and value.

NexPoint Residential Trust: Still Attractive After Q2 Results

NexPoint Residential Trust, Inc. (NYSE:NXRT ) Q2 2024 Earnings Conference Call July 30, 2024 11:00 AM ET Company Participants Kristen Thomas - Investor Relations Brian Mitts - Executive Vice President and Chief Financial Officer Matt McGraner - Executive Vice President and Chief Investment Officer Bonner McDermett - Vice President, Access and Investment Management Conference Call Participants Kyle Katorincek - Janney Montgomery Scott Omotayo Okusanya - Deutsche Bank Operator Thank you for standing by. My name is Christina and I will be your conference operator today.

NexPoint Residential Trust, Inc. (NXRT) Q2 2024 Earnings Call Transcript

Although the revenue and EPS for NexPoint Residential Trust Inc. (NXRT) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

NexPoint Residential Trust Inc. (NXRT) Reports Q2 Earnings: What Key Metrics Have to Say

NexPoint Residential Trust Inc. (NXRT) came out with quarterly funds from operations (FFO) of $0.80 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to FFO of $0.88 per share a year ago.

NexPoint Residential Trust Inc. (NXRT) Q2 FFO Beat Estimates

NXRT Raises Full Year 2024 Guidance, Reports Net Income of $10.6 million, $39.25 million of Disposition Activity and $14.6 million of Share Repurchase Activity DALLAS , July 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE:NXRT) reported financial results for the second quarter ended June 30, 2024. Highlights NXRT1 reported Net Income, FFO2, Core FFO2 and AFFO2 of $10.6M, $16.3M, $17.9M and $20.9M, respectively, attributable to common stockholders for the quarter ended June 30, 2024, compared to Net Loss, FFO, Core FFO, and AFFO of $(4.0)M, $19.8M, $20.4M and $23.2M, respectively, attributable to common stockholders for the quarter ended June 30, 2023.

NEXPOINT RESIDENTIAL TRUST, INC. REPORTS SECOND QUARTER 2024 RESULTS

DALLAS , July 30, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. (NYSE: NXRT) ("NXRT") announced today that its board of directors approved a dividend of $0.46242 per share of NXRT common stock, payable on September 30, 2024, to stockholders of record on September 13, 2024. About NexPoint Residential Trust, Inc. NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol "NXRT," primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with "value-add" potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States.

NexPoint Residential Trust, Inc. Announces Quarterly Dividend

Apartment Investment and Management

Centerspace REIT

Apartment REITs have beaten 1Q24 earnings despite a massive new supply wave hitting the sector in 2024 and early 2025. Demand drivers such as strong employment, low savings rate, high cost of houses, and high cost of construction have kept occupancy high despite the supply. Supply growth is dropping in mid-to-late 2025, making investments in the apartment sector appealing for long-term growth potential.

Apartment Fundamental Outlook Improved As Supply Wanes

DALLAS , July 2, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today that the Company is scheduled to host a conference call on Tuesday, July 30, 2024, at 11:00 a.m. ET (10:00 am CT), to discuss second quarter 2024 financial results.

NexPoint Residential Trust, Inc. Announces Second Quarter 2024 Earnings Conference Call

DALLAS , May 29, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today that Matthew McGraner, NXRT's Executive VP and Chief Investment Officer, Bonner McDermett, NXRT VP, Asset Management, and Sean Jacobson, NXRT VP, Asset Management will be meeting with investors and others at Nareit's REITweek: 2024 Investor Conference, to be held June 3-6 at the New York Hilton Midtown in New York City. A copy of the meeting materials will be posted in the Resources section of NXRT's website at nxrt.nexpoint.com on the morning of June 3, 2024.

NexPoint Residential Trust, Inc. to Participate at Nareit's REITWeek: 2024 Investor Conference

DALLAS , May 2, 2024 /PRNewswire/ -- NexPoint Residential Trust, Inc. ("NXRT" or the "Company") (NYSE: NXRT) announced today the closing of the sale of Radbourne Lake Apartment Homes in Charlotte, NC, a 225-unit property built in 1991.  The property was acquired for $24.3 million on September 30, 2014, and has provided consistent operational and cash flow performance for the portfolio for the last 9+ years.

NexPoint Residential Trust, Inc. Completes the Sale of Radbourne Lake Apartment Homes

NexPoint Residential Trust reported Core FFO and NOI growth in the mid-single digits in Q1 2024. The full-year outlook remains more cautious, driven by expected elevated home deliveries in the remainder of the year. Management signals over 50% upside to their NAV estimate using cap rates of 5.5-6% and initiated a $25 million share buyback to help bridge the gap.

NexPoint Residential Trust: Attractive Valuation Despite The Risks

NexPoint Residential Trust, Inc. (NYSE:NXRT ) Q1 2024 Earnings Conference Call April 30, 2024 11:00 AM ET Company Participants Kristen Thomas - Investor Relations Brian Mitts - Executive Vice President and Chief Financial Officer Matt McGraner - Executive Vice President and Chief Investment Officer Bonner McDermett - Vice President, Access and Investment Management Conference Call Participants Kyle Katorincek - Janney Tayo Okusanya - Deutsche Bank Barry Oxford - Colliers Operator Good day. My name is Shelly, and I will be your conference operator for today.

NexPoint Residential Trust, Inc. (NXRT) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for NexPoint Residential Trust Inc. (NXRT) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

News for NexPoint Residential Trust Stock (NXRT)